The gross value of wheat increased nationally by 14% to $7 billion. All states with the exception of Western Australia (WA), Queensland and Tasmania exhibited an increase. WA, Australia's largest producing state, exhibited a 5% decrease, despite a slight increase in yield and production compared with 2015-16.

At a national level the gross value of sorghum decreased by 55% to $223 million compared with 2015-16. The greatest decline was observed in Queensland which fell 57% to $135 million. The national decrease can be attributed to a number of factors including a 29% decrease in area planted and a 21% decrease in yield compared with the previous season.

The gross value of canola increased by 54% to $2.3 billion from 2015-16 estimates due to increased production (up by 47% to 4 million tonnes).

The national gross value of oats increased by 29% from 2015-16 to $512 million. The gross value of oats increased in all states, especially in WA (up by 11% to $207 million) and Victoria (up by 107% to $124 million). These increases were production driven.

Nationally, the gross value of cattle and calves fell by 7% to $12.1 billion as beef farmers seek to rebuild herd sizes and stock is held back from slaughtering and meat production.

The gross value of sheep and lambs increased by 10% nationally to $3.6 billion following excellent pasture growth in Australia's major sheep producing regions which resulted in sharp increases in flock rebuilding, greater retention of sheep and lambs and lower slaughter numbers.

The gross value for wool increased by 17% from 2015-16 estimate to $3.5 billion. Favourable conditions over the winter of 2016 in most parts of Australia helped improve production heading in to 2017.

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Annotation(s): Data for 2016-17 are preliminary and may be subject to revision